The manager escorted the man to a private room, where the suspect explained that he was employed by an organization that is concerned about U.S. government bailouts of corporations. … The money, the suspect explained, "would go to people who deserve it."
Can you steal your own money? Can a legal defense be built around the idea that it wasn’t a bank robbery but actually as "taxpayer repossession"?
“There is a delicious irony in seeing private luxury jets flying into Washington, D.C., and people coming off of them with tin cups in their hand, saying that they’re going to be trimming down and streamlining their businesses.” — Rep. Gary Ackerman, D-New York.
While it may have been, as one writer described it, a cheap shot — it was no cheaper a shot than Ford CEO Alan Mulally arriving at Capitol Hill in a Ford Fusion hybrid.
Frank spoke against a Bush administration plan to create an agency to oversee Fannie Mae and Freddie Mac. The proposed agency would have had the authority “to set one of the two capital-reserve requirements for the companies. It would exercise authority over any new lines of business. And it would determine whether the two are adequately managing the risks of their ballooning portfolios.”
This subprime primer was forwarded by my pal Dauber. It is incredibly accurate. If you haven’t yet received it via email you can find the entire thing at BusinessPundit or drop me a line and I’ll send you the powerpoint stack. I haven’t found out who did it, but he/she/they is/are a genius (s).